Required Delayed Draw Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (a) the Adjusted Total Delayed Draw Term Loan Commitment at such date and (b) the aggregate outstanding principal amount of the Delayed Draw Term Loans (excluding Delayed Draw Term Loans held by Defaulting Lenders) at such date.
Required Delayed Draw Term Loan Lenders means, at any date, any combination of Delayed Draw Term Loan Lenders holding more than fifty percent (50%) of the aggregate amount of the Delayed Draw Term Loan Commitments or Delayed Draw Term Loans; provided that the Delayed Draw Term Loan Commitment and the Delayed Draw Term Loans held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Term Loan Lenders.
Required Delayed Draw Term Loan Lenders means, at any time, Amendment No. 1 Delayed Draw Term Loan Lenders holding in the aggregate more than 50% of (a) if the Amendment No. 1 Delayed Draw Term Loan Commitments have not been terminated, the Amendment No. 1 Delayed Draw Term Loan Commitments and the aggregate principal amount of the outstanding Amendment No. 1 Delayed Draw Term Loans at such time or (b) if the Amendment No. 1 Delayed Draw Term Loan Commitments have been terminated, the aggregate principal amount of the outstanding Amendment No. 1 Delayed Draw Term Loans at such time; provided, however, that if any Amendment No. 1 Delayed Draw Term Loan Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Delayed Draw Term Loan Lenders, the Amendment No. 1 Delayed Draw Term Loans owing to such Defaulting Lender and such Defaulting Lender’s Amendment No. 1 Delayed Draw Term Loan Commitments, or after termination of the Amendment No. 1 Delayed Draw Term Loan Commitments, the principal balance of the Amendment No. 1 Delayed Draw Term Loans owing to such Defaulting Lender.
Examples of Required Delayed Draw Term Loan Lenders in a sentence
The Borrower will use the proceeds of the Delayed Draw Term Loans after the Closing Date to finance Permitted Acquisitions (or for such other purposes as shall be approved by Required Delayed Draw Term Loan Lenders).
More Definitions of Required Delayed Draw Term Loan Lenders
Required Delayed Draw Term Loan Lenders means, as of any date of determination, Delayed Draw Term Loan Lenders holding at least a majority of the outstanding Delayed Draw Term Loans and the outstanding Delayed Draw Term Loan Commitments (to the extent such Delayed Draw Term Loan Commitments have not been funded and remain in effect); provided, however, that if any Delayed Draw Term Loan Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Delayed Draw Term Loan Lenders, Obligations owing to such Defaulting Lender and such Defaulting Lender’s Delayed Draw Term Loan Commitments.
Required Delayed Draw Term Loan Lenders means, at any date, Lenders having or holding more than fifty percent (50%) of the Delayed Draw Term Loan Commitment and Delayed Draw Term Loans, or if the Delayed Draw Term Loan Commitment has been terminated, the aggregate outstanding principal amount of the Delayed Draw Term Loans; provided that the Commitments and the portion of the outstanding principal amount of the Loans held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Term Loan Lenders; provided, further, that (i) if at any date of determination, (x) Xxxxxxx Xxxxx BDC, Inc. or any Affiliate thereof is a Lender and (y) the aggregate principal amount of outstanding Delayed Draw Term Loans and Delayed Draw Term Loan Commitments held by such Persons exceeds 20% of the aggregate principal amount of all outstanding Delayed Draw Term Loans and Delayed Draw Term Loan Commitments as of such date of determination, then any determination of “Required Delayed Draw Term Loan Lenders” shall require the affirmative vote of Xxxxxxx Xxxxx BDC, Inc., and (ii) if at any date of determination, (x) OR Tech Lending LLC, OR Tech Lending II LLC, OR Tech Lending IC LLC or any Affiliate of the foregoing is a Lender and (y) the aggregate principal amount of outstanding Delayed Draw Term Loans and Delayed Draw Term Loan Commitments held by such Persons exceeds 20% of the aggregate principal amount of all outstanding Delayed Draw Term Loans and Delayed Draw Term Loan Commitments as of such date of determination, then any determination of “Required Delayed Draw Term Loan Lenders” shall require the affirmative vote of such Persons.
Required Delayed Draw Term Loan Lenders means, at any time, Non‑Defaulting Lenders holding at least a majority of the sum of all outstanding Delayed Draw Term Loans and Delayed Draw Term Loan Commitments; provided that if at any time there are only two Lenders holding all outstanding Delayed Draw Term Loans and Delayed Draw Term Loan Commitments, then Required Delayed Draw Term Loan Lenders shall consist of both such Lenders.
Required Delayed Draw Term Loan Lenders means, at any time, Lenders holding more than 50% of the aggregate outstanding Delayed Draw Term Loan Commitments at such time or, if the Lenders have no Delayed Draw Term Loan Commitments outstanding, then Lenders holding more than 50% of the aggregate Delayed Draw Term Loans of the Lenders at such time; provided that to the extent that any Lender is a Defaulting Lender, such Defaulting Lender and all of its Delayed Draw Term Loan Commitments and Delayed Draw Term Loans shall be excluded for purposes of determining Required Delayed Draw Term Loan Lenders.
Required Delayed Draw Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of
Required Delayed Draw Term Loan Lenders means, at any time, Lenders holding more than 50% of the aggregate outstanding Delayed Draw
Required Delayed Draw Term Loan Lenders means, at any time, the Lenders having outstanding Delayed Draw Term Loans or unused Delayed Draw Term Commitments representing, in the aggregate, more than 50% of the aggregate outstanding Delayed Draw Term Loans and unused Delayed Draw Term Commitments of all Lenders at such time. The outstanding Delayed Draw Term Loans and unused Delayed Draw Term Commitments of any Defaulting Lender, any Purchasing Borrower Party and any Affiliated Lender (other than any Affiliated Debt Fund) shall be disregarded in determining Required Delayed Draw Term Loan Lenders at any time.